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Comparing Apples: Normalcy, Russia, and the Remaining Post-Socialist World

Author

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  • Peter T. Leeson

    (Department of Economics, West Virginia University)

  • William N. Trumbull

    (Department of Economics, West Virginia University)

Abstract

Shleifer and Treisman (2005) argue that Russia is a “normal country.” Their benchmark for normalcy, however, refers primarily to middle-income countries like Mexico and Argentina. We propose that a more meaningful benchmark is the experience of other post-socialist transition countries, which share common political and economic histories with Russia, and have faced similar transition obstacles since communism’s collapse. We compare Russia’s economic performance, media freedom, democracy, and corruption since Russia began transition, to these benchmarks in all other post-socialist countries since they began their transitions. We find that Russia consistently and significantly performs below normal compared to its cohort.

Suggested Citation

  • Peter T. Leeson & William N. Trumbull, 2006. "Comparing Apples: Normalcy, Russia, and the Remaining Post-Socialist World," Working Papers 06-03 Classification-, Department of Economics, West Virginia University.
  • Handle: RePEc:wvu:wpaper:06-03
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    File URL: http://be.wvu.edu/phd_economics/pdf/06-03.pdf
    File Function: First version, 2006
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    References listed on IDEAS

    as
    1. Gérard Roland, 2004. "Transition and Economics: Politics, Markets, and Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 026268148x, January.
    2. Andrei Shleifer & Daniel Treisman, 2005. "A Normal Country: Russia After Communism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 151-174, Winter.
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    Cited by:

    1. Aidis, Ruta & Estrin, Saul & Mickiewicz, Tomasz, 2008. "Institutions and entrepreneurship development in Russia: A comparative perspective," Journal of Business Venturing, Elsevier, vol. 23(6), pages 656-672, November.
    2. Scott A. Beaulier, 2010. "Without Private Property, There Can Be No Rational Economic Calculation," Chapters,in: Handbook on Contemporary Austrian Economics, chapter 6 Edward Elgar Publishing.
    3. Leonid Krasnozhon, 2013. "Institutional stickiness of democracy in post-communist states: Can prevailing culture explain it?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 221-237, June.

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